Debt Reduction

An Ebaying We Shall Go

Well, with all of the extra expenses coming our way, we hit the closets and found some really nice things to auction off. We should easily make about 500 bucks from these things, and that should pay for most of the medical stuff. I “hope” that with the raise my wife will get in September, and an expected small bonus in October, we “might” just make our 10-10-2005 goal. Either way, we are pressing towards that mark. Quick note: I have been following several financial blogs, and I see the continued infatuation with zero percent balance transfers and other credit card stuff. PEOPLE, PLEASE. Use your heads. Moving debt around does not decrease your debt…it just moves it around. The…

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Debt Reduction

Wow, Visitors Already!

So Cool, the incredible Neville, from Neville’s Financial Blog, was the first to post a comment. Awesome. A quick rationale behind paying off debt by smallest to largest balance, and not largest to smallest interest rate. It is pretty simple…It gets you motivated. When you see that first small debt gone, and then you see that next debt gone, it motivates you to keep going. I know that the “math” side of the brain says, “pay off the higher percentage first.” And some people will be perfectly capable of getting out of debt this way. But tons and tons will just give up because they don’t see any “progress.” This is less about the “nerdy” part of paying off debt,…

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